Common use of PTO Sell Back Clause in Contracts

PTO Sell Back. PTO sell back employees may “sell back” up to 40 hours of earned and unused PTO in 8 hour increments, subject to the following: 1. Applicants to “sell back” hours will be submitted in writing to Human Resources from October 1 through October 15 of each year covered by this Agreement. 2. Applicants must have at least 40 hours of unscheduled PTO remaining in their bank after the hours are sold back. 3. Payments to eligible applicants will be made at their regular straight time rate of pay, exclusive of any premiums, and will be scheduled for payment during the first full pay period after November 1.

Appears in 2 contracts

Samples: Collective Bargaining Agreement, Collective Bargaining Agreement

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PTO Sell Back. PTO sell back employees ‌ Employees may “sell back” up to 40 hours of earned and unused PTO in 8 8-hour increments, subject to the following: 1. Applicants Applications to “sell back” hours will be submitted in writing to Human Resources from October April 1 through October April 15 of each year covered by this Agreement. 2. Applicants must have at least 40 hours of unscheduled PTO remaining in their bank after the hours are sold back. 3. Payments to eligible applicants will be made at their regular straight time rate of pay, exclusive of any premiums, and will be scheduled for payment during paid no later than the first full pay period after November 1June 1 of the same calendar year.

Appears in 2 contracts

Samples: Collective Bargaining Agreement, Collective Bargaining Agreement

PTO Sell Back. PTO sell back employees Employees may “sell back” up to 40 hours of earned and unused PTO in 8 hour increments, subject to the following: 1. Applicants to “sell back” hours will be submitted in writing to Human Resources from October May 1 through October May 15 of each year covered by this Agreement. 2. Applicants must have at least 40 hours of unscheduled PTO remaining in their bank after the hours are sold back. 3. Payments to eligible applicants will be made at their regular straight time rate of pay, exclusive of any premiums, and will be scheduled for payment during the first full pay period after November June 1.

Appears in 1 contract

Samples: Collective Bargaining Agreement

PTO Sell Back. PTO sell back employees Employees may “sell back” up to 40 hours of earned and unused PTO in 8 8-hour increments, subject to the following: 1. Applicants Applications to “sell back” hours will be submitted in writing to Human Resources from October April 1 through October April 15 of each year covered by this Agreement. 2. Applicants must have at least 40 hours of unscheduled PTO remaining in their bank after the hours are sold back. 3. Payments to eligible applicants will be made at their regular straight time rate of pay, exclusive of any premiums, and will be scheduled for payment during paid no later than the first full pay period after November 1June 1 of the same calendar year.

Appears in 1 contract

Samples: Collective Bargaining Agreement

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PTO Sell Back. PTO sell back employees ‌ Employees may “sell back” up to 40 hours of earned and unused PTO in 8 8-hour increments, subject to the following: 1. Applicants to “sell back” hours will be submitted in writing to Human Resources from October May 1 through October May 15 of each year covered by this Agreement. 2. Applicants must have at least 40 hours of unscheduled PTO remaining in their bank after the hours are sold back. 3. Payments to eligible applicants will be made at their regular straight time rate of pay, exclusive of any premiums, and will be scheduled for payment during the first full pay period after November June 1.

Appears in 1 contract

Samples: Collective Bargaining Agreement

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